According to the public record, 226A, North Street, Romford is a period leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 226, North Street, Romford, RM1.
North Street, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
226A, North Street, Romford has 21 entries in the Land Registry database, most recently in July 2015 and a single entry in the EPC database dated June 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 226A North Street Romford as £251,327 and the rental value as £1,316 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 226A North Street Romford has decreased by £1,490 (0.6%) and its rental value has increased by £72 per month (5.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 226A, North Street, Romford is in very good condition we estimate a sale value of £263,894 and rental value of £1,381 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,734 and a rental value of £1,224 per month.
If you were able to purchase this property for the estimated value of £251,327, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,235 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 226A, North Street, Romford was last sold on 17 Jul 2015 for £190,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2015, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 226A, North Street, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 224A, North Street, Romford, RM1 4QD, a Leasehold flat which sold for £171,305 in Feb 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
North Street, Romford, RM1 has a total of 208 addresses. According to our analysis of all the public data, 226A, North Street, Romford is the 123rd largest and the 79th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in RM1.
226A, North Street, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jun 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 226A, North Street, Romford is Romford station which is 1.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 226A, North Street, Romford, 34.9% of property is privately owned with a mortgage and 34.1% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 226A, North Street, Romford, 24.8% of residents are recorded as possessing school level qualifications and 33.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 226A, North Street, Romford, the average age was 40.2 and the most common age was 42.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 226A, North Street, Romford, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 226A, North Street, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.